Home Manufacturer fund Wynnchurch Capital completes growth investment in Mattress Warehouse

Wynnchurch Capital completes growth investment in Mattress Warehouse


ROSEMONT, Illinois & NEW YORK–(BUSINESS WIRE)–Wynnchurch Capital, LP (“Wynnchurch”), a leading middle-market private equity firm, announced that it has made a strategic growth investment in Mattress Warehouse, LLC (“Mattress Warehouse” or the “Company “). Founded in 1989, Mattress Warehouse is a leading independent mattress retailer with over 300 locations.

Bill Papettas, CEO and President of Mattress Warehouse, said, “We are very pleased with the investment in the Mattress Warehouse team by Wynnchurch Capital. With over $4 billion under management, Wynnchurch brings a broad range of expertise and is focused on accelerating the growth of consumer businesses as we strive to achieve our goal of achieving more than 500 locations.

Joining Mattress Warehouse’s Board of Directors will be Russ Gehrett, Partner and Mike MacKay, Vice Chairman of Wynnchurch. This team brings significant experience in the consumer and retail industries to the board, and will focus on accelerating the company’s overall growth, including enhancing Mattress’ existing digital and omnichannel capabilities. Warehouse.

Russ Gehrett, Partner at Wynnchurch, added, “We are honored to have the opportunity to partner with John Ahern, Bill Papettas and the entire Mattress Warehouse family to support the next phase of growth for the business. The company’s unique heritage as a family-owned and founder-led business truly differentiates itself in today’s world. This investment is another example of Wynnchurch’s ability to identify and execute on unique consumer opportunities. »

Lowenstein Sandler LLP served as legal adviser while Barclays served as financial adviser to Wynnchurch. Dinan Capital Advisors acted as financial advisor to Mattress Warehouse.

About Mattress Warehouse:

Founded in 1989 and based in Fredrick, Maryland, Mattress Warehouse is a leading independent mattress retailer with over 300 locations throughout the Mid-Atlantic region. The company maintains active relationships with all major mattress manufacturers to provide customers with the widest range of products and best possible solutions to facilitate better quality sleep. For more information, please visit: Mattress Warehouse.

About Wynnchurch Capital:

Wynnchurch Capital, LP, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in New York, California, and a subsidiary in Canada, was founded in 1999 and is one leading mid-market private equity firms. Wynnchurch’s strategy is to partner with mid-market companies in the United States and Canada that have the potential for substantial growth and profit improvement.

Wynnchurch Capital manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in management buyouts, growth capital, recapitalizations, spin-offs and restructurings . For more information, please visit: https://www.wynnchurch.com.

Wynnchurch is actively seeking investment opportunities for its $2.3 billion V fund. In December, Wynnchurch acquired Appvion, a leading provider of specialty, high performance direct thermal coatings. Other recent Wynnchurch investments include: Owen, a leading provider of critical infrastructure equipment, spare parts and services; Premier Franchise Management, the largest American franchisor of residential swimming pool construction and services, and Trimlite, a leading manufacturer and distributor of residential doors and related door products.